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HUTS.TO vs. CDAY.NEO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

HUTS.TO vs. CDAY.NEO

Last updated Aug 5, 2026
Documentation

HUTS.TO (Hamilton Enhanced Utilities ETF) and CDAY.NEO (Hamilton Enhanced Canadian Equity DayMAX ETF) are both exchange-traded funds - HUTS.TO is a Utilities Equities fund tracking the Solactive Canadian Utility Services High Dividend Index TR, while CDAY.NEO is a Derivative Income fund actively managed by Hamilton. HUTS.TO is passively managed, while CDAY.NEO is actively managed. Over the past year, HUTS.TO returned 24.80% vs 35.72% for CDAY.NEO. Their 0.25 correlation means their historical movements had little consistent relationship. HUTS.TO charges 2.06%/yr vs 1.04%/yr for CDAY.NEO.

Performance

HUTS.TO vs. CDAY.NEO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Hamilton Enhanced Utilities ETF (HUTS.TO) and Hamilton Enhanced Canadian Equity DayMAX ETF (CDAY.NEO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, HUTS.TO achieves a 15.96% return, which is significantly lower than CDAY.NEO's 18.17% return.

HUTS.TO

1D
-1.14%
1M
0.67%
6M
10.14%
YTD
15.96%
1Y
24.80%
3Y*
16.58%
5Y*
—
10Y*
—
ALL TIME*
6.66%

CDAY.NEO

1D
0.88%
1M
0.30%
6M
15.31%
YTD
18.17%
1Y
35.72%
3Y*
—
5Y*
—
10Y*
—
ALL TIME*
31.82%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

CDAY.NEO

Hamilton Enhanced Canadian Equity DayMAX ETF
CA$2.16MCA$1.94MCA$1.67M

HUTS.TO

Hamilton Enhanced Utilities ETF
CA$273.34KCA$215.70KCA$190.49K

HUTS.TO vs. CDAY.NEO - Yearly Performance Comparison

2026 (YTD)2025
HUTS.TO
Hamilton Enhanced Utilities ETF		15.96%9.29%
CDAY.NEO
Hamilton Enhanced Canadian Equity DayMAX ETF		18.17%13.23%

Correlation

The correlation between HUTS.TO and CDAY.NEO is 0.27, which is low. Their historical price movements had little consistent relationship.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.27

Correlation (All Time)
Calculated using the full available price history since Jul 15, 2025

0.25

HUTS.TO vs. CDAY.NEO - Sectors Allocation Comparison

Sectors
HUTS.TO
CDAY.NEO

Utilities

41.5%
3.4%

Energy

35.9%
7.0%

Communication Services

22.5%
5.3%

Basic Materials

-

12.1%

Consumer Cyclical

-

8.0%

Consumer Defensive

-

7.0%

Financial Services

-

33.3%

Healthcare

-

1.6%

Industrials

-

14.6%

Real Estate

-

0.3%

Technology

-

7.4%

Utilities

HUTS.TO
41.5%
CDAY.NEO
3.4%

Energy

HUTS.TO
35.9%
CDAY.NEO
7.0%

Communication Services

HUTS.TO
22.5%
CDAY.NEO
5.3%

Basic Materials

HUTS.TO

-

CDAY.NEO
12.1%

Consumer Cyclical

HUTS.TO

-

CDAY.NEO
8.0%

Consumer Defensive

HUTS.TO

-

CDAY.NEO
7.0%

Financial Services

HUTS.TO

-

CDAY.NEO
33.3%

Healthcare

HUTS.TO

-

CDAY.NEO
1.6%

Industrials

HUTS.TO

-

CDAY.NEO
14.6%

Real Estate

HUTS.TO

-

CDAY.NEO
0.3%

Technology

HUTS.TO

-

CDAY.NEO
7.4%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Hamilton Enhanced Utilities ETF

Hamilton Enhanced Canadian Equity DayMAX ETF

Often compared with HUTS.TO:
HUTS.TO vs. UTIL.TOHUTS.TO vs. XUT.TOHUTS.TO vs. HUTL.TOHUTS.TO vs. ZWU.TOHUTS.TO vs. ZUT.TOHUTS.TO vs. CHPS.TOHUTS.TO vs. HYLD-U.TO
Often compared with CDAY.NEO:
CDAY.NEO vs. HDIV.TOCDAY.NEO vs. QDAY.NEOCDAY.NEO vs. CANY.TOCDAY.NEO vs. SDAY.NEOCDAY.NEO vs. ECHI.TOCDAY.NEO vs. HCAL.TOCDAY.NEO vs. BANK.TO

Return for Risk

HUTS.TO vs. CDAY.NEO — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
HUTS.TO
HUTS.TO Risk / Return Rank: 8686
Overall Rank
HUTS.TO Sharpe Ratio Rank: 8989
Sharpe Ratio Rank
HUTS.TO Sortino Ratio Rank: 8888
Sortino Ratio Rank
HUTS.TO Omega Ratio Rank: 8686
Omega Ratio Rank
HUTS.TO Calmar Ratio Rank: 9090
Calmar Ratio Rank
HUTS.TO Martin Ratio Rank: 7979
Martin Ratio Rank
CDAY.NEO
CDAY.NEO Risk / Return Rank: 9292
Overall Rank
CDAY.NEO Sharpe Ratio Rank: 9494
Sharpe Ratio Rank
CDAY.NEO Sortino Ratio Rank: 9292
Sortino Ratio Rank
CDAY.NEO Omega Ratio Rank: 9393
Omega Ratio Rank
CDAY.NEO Calmar Ratio Rank: 8787
Calmar Ratio Rank
CDAY.NEO Martin Ratio Rank: 9191
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

HUTS.TO vs. CDAY.NEO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hamilton Enhanced Utilities ETF (HUTS.TO) and Hamilton Enhanced Canadian Equity DayMAX ETF (CDAY.NEO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

HUTS.TOCDAY.NEODifference
Sharpe ratioReturn per unit of total volatility
2.34
2.81

-0.48

Sortino ratioReturn per unit of downside risk
3.28
3.66

-0.38

Omega ratioGain probability vs. loss probability

1.41

1.51

-0.10

Calmar ratioReturn relative to maximum drawdown

4.24

3.74

+0.51

Martin ratioReturn relative to average drawdown

11.54

16.72

-5.18

HUTS.TO vs. CDAY.NEO - Sharpe Ratio Comparison

The current HUTS.TO Sharpe Ratio is 2.34, which is comparable to the CDAY.NEO Sharpe Ratio of 2.81. The chart below compares the historical Sharpe Ratios of HUTS.TO and CDAY.NEO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

HUTS.TO vs. CDAY.NEO - Drawdown Comparison

The maximum HUTS.TO drawdown since its inception was -30.57%, which is greater than CDAY.NEO's maximum drawdown of -9.65%. Use the drawdown chart below to compare losses from any high point for HUTS.TO and CDAY.NEO.

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Drawdown Indicators

HUTS.TOCDAY.NEODifference

Max Drawdown

Largest peak-to-trough decline

-30.57%

-9.65%

-20.92%

Max Drawdown (1Y)

Largest decline over 1 year

-5.87%

-9.65%

+3.78%

Max Drawdown (3Y)

Largest decline over 3 years

-14.20%

—

—

Current Drawdown

Current decline from peak

-4.32%

-1.39%

-2.93%

Average Drawdown

Average peak-to-trough decline

-9.73%

-1.22%

-8.51%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.15%

2.15%

0.00%

Volatility

HUTS.TO vs. CDAY.NEO - Volatility Comparison

Hamilton Enhanced Utilities ETF (HUTS.TO) has a higher volatility of 4.45% compared to Hamilton Enhanced Canadian Equity DayMAX ETF (CDAY.NEO) at 3.28%. This indicates that HUTS.TO's price experiences larger fluctuations and is considered to be riskier than CDAY.NEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

HUTS.TOCDAY.NEODifference

Volatility (1M)

Calculated over the trailing 1-month period

4.45%

3.28%

+1.17%

Volatility (6M)

Calculated over the trailing 6-month period

9.14%

10.68%

-1.54%

Volatility (1Y)

Calculated over the trailing 1-year period

10.67%

12.84%

-2.17%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.98%

12.74%

+2.24%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.98%

12.74%

+2.24%

HUTS.TO vs. CDAY.NEO - Expense Ratio Comparison

HUTS.TO has a 2.06% expense ratio, which is higher than CDAY.NEO's 1.04% expense ratio.

Dividends

HUTS.TO vs. CDAY.NEO - Dividend Comparison

HUTS.TO's dividend yield for the trailing twelve months is around 5.70%, less than CDAY.NEO's 14.33% yield.

PositionTTM2025202420232022
CDAY.NEO
Hamilton Enhanced Canadian Equity DayMAX ETF		14.33%7.88%0.00%0.00%0.00%
HUTS.TO
Hamilton Enhanced Utilities ETF		5.70%6.45%7.45%7.83%2.33%

Frequently Asked Questions

HUTS.TO and CDAY.NEO have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, CDAY.NEO is cheaper at 1.04% per year. The better choice depends on whether you care most about return, fees, risk, or income.

CDAY.NEO is cheaper with a 1.04% expense ratio, compared with 2.06% for HUTS.TO.

HUTS.TO is categorized as Utilities Equities, while CDAY.NEO is Derivative Income. Their fees differ too: 2.06% for HUTS.TO and 1.04% for CDAY.NEO.

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